City credit card problem, Mary has a City Credit Card (CCC)

City credit card problem

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Mary has a City Credit Card (CCC) and has run up a $13,000 debt. She calls the company and explains that she can't pay the full amount, but will be willing to pay $10,000 if they will forgive the other $3,000. The company agrees to accept $10,000 as payment in full. This is an example of what type of discharge of the contract?

Reference no: EM13286694

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City credit card problem : Mary has a City Credit Card (CCC) and has run up a $13,000 debt. She calls the company and explains that she can't pay the full amount, but will be willing to pay $10,000 if they will forgive the other $3,000. The company agrees to accept $10,000 a..

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